Legal & Justice

IGG report on Bagyenda’s wealth ready, as IGG launches another audit on Kasekende

Muhereza KyamuteteraCompany NewsLegal & JusticeThe Big StoryThought LeadershipNovember 17, 2018November 17, 2018

After months of waiting, the Inspectorate of Government report on the incomes, assets and liabilities of the sacked former BoU Executive Director in Charge of Commercial Bank Supervision, is ready,…

Firms linked to Louis Kasekende’s wife got Shs1.4bn BoU deal to audit Crane Bank

CEO ReporterCompany NewsLegal & JusticeThe Big StoryThought LeadershipOctober 31, 2018October 31, 2018

As Parliament’s COSASE committee starts probing Bank of Uganda over the way it handled the statutory seizure and or subsequent disposal of the assets and liabilities of seven defunct banks,…

Chief Justice Katureebe questions Bamugemereire’s methods of work

CEO ReporterBusiness & MarketsLegal & JusticeThe Big StoryOctober 29, 2018

Justice Catherine Bamugemereire’s methods of work at the Commission of Inquiry into Land Matters has yet again attracted criticism, this time from her bosses; the Chief Justice and The Principal…

2 years after Crane Bank closure; 6 things we now know that we didn’t know then

CEO ReporterCompany NewsLegal & JusticeThe Big StoryOctober 20, 2018October 21, 2018

On this day, 2 years ago on October 20, 2018, Bank of Uganda took over the management of Crane Bank- pursuant to “Section 87(3), 88(1)(a) & (b) of the Financial…

BoU and lawfirm, MMAKS on the spot over “exorbitant

CEO ReporterCompany NewsLegal & JusticeThe Big StoryThought LeadershipOctober 5, 2018October 5, 2018

Before the dust settles on the explosive Auditor General’s report into the closure and sale of 7 defunct banks, in which Bank of Uganda was implicated for gross negligence and…

EDITORIAL: Too much power in too few hands; BoU urgently needs overhauling

CEO ReporterLegal & JusticeThe Big StoryThought LeadershipSeptember 22, 2018

Last week, Bank of Uganda’s reputation hit a new low, following the release of a special audit report by the Auditor General into the Central Bank’s misconduct as it seized…

Did BoU illegally transfer Crane Bank’s bad loans to dfcu?

Muhereza KyamuteteraCompany NewsLegal & JusticeThe Big StorySeptember 14, 2018September 15, 2018

The revelation by the Auditor General and corroborated by an interview with the former Executive Director Supervision (EDS) Mrs. Bagyenda, that Bank of Uganda did not carry out an independent…

Audit on BoU’s closure of banks starts, after Kadaga’s sting

Muhereza KyamuteteraCompany NewsLegal & JusticeThe Big StoryMay 17, 2018

After eight months of legal ping-pong, Bank of Uganda has given in to being audited by the Auditor General over the way in which various defunct banks were taken over…

Bank of Uganda is not above the law and must be audited- Kadaga

Muhereza KyamuteteraBusiness & MarketsLegal & JusticeNews In PicturesThe Big StoryThought LeadershipMay 17, 2018

The Speaker of Parliament, Rt. Hon Rebecca Alitwala Kadaga has ordered that the forensic audit into bank of Uganda by the Auditor General of Bank of Uganda’s takeover of Crane…

Crane Bank sale: MPs say BoU must be audited amid protests from Kasekende

Jacobs Odongo SeamanCompany NewsLegal & JusticeThe Big StoryMay 16, 2018

At Parliament on Tuesday, Budadiri West MP Nandala Mafabi, who is leading the chorus for an audit into BoU, told Parliament that Kasekende was attempting to shield a “mafia